Reserve Bank of India (RBI) Governor Raghuram Rajan has caught fancy of Indians like no other RBI chief ever has.
There are fan pa ges of his on Facebook and online petitions to extend his term for the second time. His first term ends in September this year.
The forex markets allegedly dropped on Tuesday when media reports surfaced that Rajan has told Prime Minister Narendra Modi of his unwillingness to continue for the second term. He, Distinguished Service Professor of Finance at The University of Chicago Booth in the US, is on leave since September 2013.
What is it about this man who had rightly predicted the great subprime crisis that hit the US and subsequently the entire world a decade ago?
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